The combination of rising rents and rock bottom mortgage rates have made it cheaper to own a home than to rent a single-family home in most states, a recent survey showed.
Read More »The Week Ahead: Will Housing Starts Restart?
Housing starts were flat in May after showing signs of resuscitation in April. What will the housing starts report look like for June? The industry will find out on Tuesday, July 19.
Read More »Consumers More Pessimistic About Mortgage Credit Access
Consumers’ experiences in the credit market have improved compared to earlier in the year, but at the same time consumers seem to be more pessimistic about their prospects ...
Read More »Senate Passes Bill to Reform FHA Housing Policies
A bill offering reforms to some FHA housing policies that passed by a unanimous vote in the House of Representatives has now passed by unanimous consent in the Senate.
Read More »Mortgage Activity is On the Move for Banks in Q2
Wells Fargo, U.S. Bancorp, and PNC Financial Services Group all continued what JPMorgan Chase started, reporting increased mortgage activity for the second quarter of 2016.
Read More »Nation’s Accessible Home Equity is Highly Concentrated
Borrowers in owner-occupied homes are sitting on trillions worth of accessible home equity by today’s lending standards—but not all of the country's housing wealth is equally distributed.
Read More »Is Low Inventory Holding Back Home Sales?
Many buyers reported that finding a home that fits their needs was the biggest obstacle to buying a home. Lately, however, more prospective buyers are reporting that they are having trouble simply finding a home at all.
Read More »Mortgage Banking Changes Pay Dividends for Chase
While JPMorgan Chase’s net income for the second quarter stayed relatively flat from a year ago, mortgage banking income took an upward turn.
Read More »Fed: ‘Modest’ Economic Growth Not Slowing Housing
While economic growth may have been modest across Fed districts, the central bank reported that residential real estate activity is strengthening.
Read More »Bill Aims to Ease Regulatory Burden on Smaller Banks
Credit unions and smaller financial institutions have been requesting exemption from Dodd-Frank oversight since it was passed six years ago. A new bill introduced in the Senate this week is trying to give it to them.
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